Financial difficulties at some of Russia’s largest institutions and a contracting banking sector have led The Banker to shorten its ranking of the country's banks from 100 to 50. However, there have been some positive developments, such as an increase in capitalisation. Stefanie Linhardt reports.
Russia's central bank governor talks to Stefanie Linhardt about how the country is reaching its inflation targets, why its international reserves have been rising, what impact low interest rates have had, and why Russia's banking sector is now in a stable position.
Post Bank is going against the grain with plans to hold a total of 18,000 branches across Russia within two years. The lender is using legacy outlets from its Leto Bank and Russian Post origins to increase its reach, with a low-cost model that mixes ATMs and mobile transactions. Stefanie Linhardt reports.
As the man at the top of Russia’s biggest bank, Sberbank president and chief executive Herman Gref, presides over an institution with ambitious long-term fintech plans. He talks to Stefanie Linhardt about the challenges to its overseas operations and dealing with the fallout from the rouble’s collapse.
As the Russian economy recovers, the new equilibrium brings fresh challenges to the financial sector. Stefanie Linhardt finds out how the management at many of the country's leading banks are adapting to this environment at the International Financial Congress in St Petersburg.
As Russia contemplates a restructuring of its creaking pensions system, investors expect a positive effect on the securities market with the introduction of private individual pension capital accounts. However, the market is still immature and many decisions on reform are still to be made. Stefanie Linhardt reports from the International Financial Congress (IFC) in St Petersburg.